Rupee might cross ₹100

Rupee fell 14% this year!!
Why did it happen? Check out the whole reel to understand all the reasons.

Please note that when crude oil prices rise by $10 per barrel, India's ANNUAL import bill increases by roughly $13–14 billion.

A lot of people are also asking: Why isn't RBI doing something about it?

The reality is that RBI doesn't target a specific rupee-dollar level. It usually steps in only when currency movements become too volatile.

There are a few reasons for that:

1. Indian exporters are already dealing with tariff pressures. If the rupee strengthens too much, their products become less competitive in global markets.

2. Defending the rupee is expensive. RBI has to use its foreign exchange reserves, and those reserves are already under pressure due to higher oil import costs.

3. No one knows exactly when oil prices will ease or when foreign investors will start bringing money back into India. In that situation, RBI cannot keep defending the rupee indefinitely.

[Anushka Rathod, Finance, India, Rupee, Dollar]
#anushkarathod #finance #india #rupee #dollar

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